The pandemic and physician burnout may help CVS Health and Walgreens Boots Alliance attract more doctors and other medical care providers to their expanding primary care operations, Forbes reports.
Walgreens is already spending another $5.2 billion on VillageMD, an owner of doctor practices and developer of physician-staffed clinics, while CVS last week said it will be acquiring more physician practices as it expands its diversified strategy to grow its primary care business.
The drugstore giants have huge amounts of cash for acquisitions and access to capital should they need it at a time physicians and other medical care providers are looking to larger organizations for support in adapting to the digital age, contracting with health insurers and help hiring staff to smaller practices amid a labor shortage. Read more.
